Interested in an Electric Vehicle? How to Qualify for a Powerful Tax Credit

Many people are thinking about buying electric vehicles because of their advanced technology, high gas prices and the fact there are more models available today. Along with factors like acceleration and the battery range, check out the federal tax break that may be available. Continue Reading Interested in an Electric Vehicle? How to Qualify for a Powerful Tax Credit

How Do Taxes Factor into an M&A Transaction?

Buying or selling a business may be the most critical transaction you ever make. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law. Here are some considerations. Continue Reading How Do Taxes Factor into an M&A Transaction?

2022 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers

If you’re a business owner or executive, you might be taking it a little easy this summer. But don’t take it so easy that you forget about these third-quarter tax deadlines. Continue Reading 2022 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers

Estate Tax

Your Estate Plan: Don’t Forget About Income Tax Planning

With the federal estate tax exemption currently so large, you may want to devote more time to saving income taxes for your heirs. Continue Reading Your Estate Plan: Don’t Forget About Income Tax Planning

CalSavers Deadline is Approaching for California Employers

The CalSavers retirement savings program was first signed into law in 2016 for private sector workers whose employers do not already offer a retirement plan. Employers who already offer a retirement plan are exempt from this requirement. Continue Reading CalSavers Deadline is Approaching for California Employers

Proposed Regs for Inherited IRAs Bring Unwelcome Surprises

The SECURE Act nixed the “stretch IRA” and replaced it with a new 10-year rule on inherited IRAs. However, subsequent IRS guidance has created confusion about when certain beneficiaries must begin taking distributions. Continue Reading Proposed Regs for Inherited IRAs Bring Unwelcome Surprises

 Businesses May Receive Notices About Information Returns That Don’t Match IRS Records

If your business has independent contractors or makes other payments to customers or others, you probably file 1099 forms with the IRS. The tax agency is currently sending out notices about these forms to some taxpayers. Continue Reading  Businesses May Receive Notices About Information Returns That Don’t Match IRS Records

Important News for California Pass Through Entities: PTE Payment Due June 15

California enacted Assembly Bill 150 (“AB 150”) in 2021 as a method for deducting state and local taxes in excess of federal deduction limitations. Continue Reading Important News for California Pass Through Entities: PTE Payment Due June 15

CFO,

CFO, Yes or No? Here’s How to Decide

If your nonprofit’s budget is growing and your executives are struggling to juggle financial responsibilities, it may be time to hire a CFO. Learn about what these executives do and what to look for in a candidate. Continue Reading CFO, Yes or No? Here’s How to Decide

Tax Considerations When Adding a New Partner at Your Business

If you’re looking for a new partner to add to your partnership, you may think the hard part is over once you find the right person. But there may be tax challenges ahead. Continue Reading Tax Considerations When Adding a New Partner at Your Business